There had been other teams with "Raunds" in the title as long ago as 1896–97, but at a meeting in the town's Temperance Hall in May 1946 a new amalgamated club was formed.

In 1994–95 the Shopmates lost the FA Vase semi-final against Arlesey Town having led 3–0 after the first (home) leg.

In 2006–07 the Shopmates eliminated Isthmian League side Enfield from the FA Cup by way of a 2–1 away win, gaining revenge for a reverse in the same competition at their hands eight seasons before.

Meanwhile, in the United Counties League, the leadership of manager Keith Burt led an assault on the top of the table.

Manager Keith Burt resigned, and the club had little option but to apply for re-admission to the United Counties League at the end of 1999–2000.